Stock Traders Purchase Large Volume of IMPAC Mortgage Put Options (NYSEAMERICAN:IMH)

Vanguard Group Inc. increased its position in shares of IMPAC Mortgage by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 359,764 …

IMPAC Mortgage logoIMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) saw unusually large options trading on Wednesday. Stock traders bought 4,000 put options on the stock. This represents an increase of 1,900% compared to the average daily volume of 200 put options.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMH. HighTower Advisors LLC increased its holdings in IMPAC Mortgage by 336.1% in the 2nd quarter. HighTower Advisors LLC now owns 787,192 shares of the company’s stock worth $2,440,000 after buying an additional 606,685 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of IMPAC Mortgage during the 2nd quarter valued at approximately $80,000. Jane Street Group LLC bought a new position in shares of IMPAC Mortgage during the 2nd quarter valued at approximately $65,000. Vanguard Group Inc. increased its position in shares of IMPAC Mortgage by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 359,764 shares of the company’s stock valued at $1,115,000 after purchasing an additional 14,162 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of IMPAC Mortgage during the 2nd quarter valued at approximately $32,000.

NYSEAMERICAN IMH opened at $6.92 on Friday. IMPAC Mortgage has a one year low of $2.81 and a one year high of $7.82.

IMPAC Mortgage (NYSEAMERICAN:IMH) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.56 EPS for the quarter. The business had revenue of $24.12 million during the quarter.

About IMPAC Mortgage

Impac Mortgage Holdings, Inc operates as an independent residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment provides mortgage lending products through three lending channels, such as retail, wholesale, and correspondent and opportunistically retain mortgage servicing rights.

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Traders Purchase Large Volume of IMPAC Mortgage Call Options (NYSEAMERICAN:IMH)

Vanguard Group Inc. grew its stake in shares of IMPAC Mortgage by 4.1% in the second quarter. Vanguard Group Inc. now owns 359,764 shares of …

IMPAC Mortgage logoIMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) saw unusually large options trading on Wednesday. Traders purchased 2,031 call options on the stock. This is an increase of approximately 1,763% compared to the average daily volume of 109 call options.

IMH stock opened at $6.92 on Friday. IMPAC Mortgage has a 52-week low of $2.81 and a 52-week high of $7.82.

IMPAC Mortgage (NYSEAMERICAN:IMH) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.56 earnings per share for the quarter. The firm had revenue of $24.12 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of IMH. HighTower Advisors LLC grew its stake in shares of IMPAC Mortgage by 336.1% in the second quarter. HighTower Advisors LLC now owns 787,192 shares of the company’s stock valued at $2,440,000 after buying an additional 606,685 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of IMPAC Mortgage by 4.1% in the second quarter. Vanguard Group Inc. now owns 359,764 shares of the company’s stock valued at $1,115,000 after buying an additional 14,162 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of IMPAC Mortgage in the second quarter valued at $80,000. Jane Street Group LLC acquired a new stake in shares of IMPAC Mortgage in the second quarter valued at $65,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of IMPAC Mortgage in the second quarter valued at $32,000.

About IMPAC Mortgage

Impac Mortgage Holdings, Inc operates as an independent residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment provides mortgage lending products through three lending channels, such as retail, wholesale, and correspondent and opportunistically retain mortgage servicing rights.

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Financial Sponsor or Syndicated Loans Market to Witness Huge Growth from 2019-2026 and …

Blockchain distributed ledger system is trending in the syndicated loans market as a platform to track activities and meet compliance requirements in a …

Financial sponsor/ syndicated loans services market includes finding lenders to finance large projects. The borrower can be a company, or government. The loan can be of fixed amount, credit line or a combination of both. Investment banking companies either charge clients fixed fees or a proportion of the loan value.

Blockchain distributed ledger system is trending in the syndicated loans market as a platform to track activities and meet compliance requirements in a better way. It helps the banks to spread out tasks like local compliance and link them to a single customer block. This system also helps to reduce the complexity and efforts required to comply with local taxation and lowers the cost of meeting regulatory requirements of syndicated lending.

Financial Sponsor or Syndicated Loans Market report provides in-depth statistics and analysis available on the market status of the Financial Sponsor or Syndicated Loans Manufacturers and is a valuable method of obtaining guidance and direction for companies and business enterprise insider considering the Financial Sponsor or Syndicated Loans market. It contains the analysis of drivers, challenges, and restraints impacting the industry.

Major Key Players of the Financial Sponsor or Syndicated Loans Market are:

Goldman Sachs , Bank Of America Merrill Lynch , Barclays , Credit Suisse , JPMorgan

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Financial Sponsor or Syndicated Loans Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Financial Sponsor or Syndicated Loans Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Financial Sponsor or Syndicated Loans Market revenue by understanding the strategic growth approaches.

Major Types of Financial Sponsor or Syndicated Loans covered are:

Underwritten Deal

Club Deal

Best-Efforts Syndication Deal

Major Applications of Financial Sponsor or Syndicated Loans covered are:

Banks

Non-Banking Financial Institutions

Others

Research objectives:-

– To study and analyze the global Financial Sponsor or Syndicated Loans consumption (value & volume) by key regions/countries, product type and application, history data.

– To understand the structure of the Financial Sponsor or Syndicated Loans market by identifying its various sub-segments.

– Focuses on the key global Financial Sponsor or Syndicated Loans manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.

– To analyze the Financial Sponsor or Syndicated Loans with respect to individual growth trends, future prospects, and their contribution to the total market.

– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview

1.1 Study Scope

1.2 Key Market Segments

1.3 Players Covered

1.4 Market Analysis by Type

1.5 Market by Application

1.6 Study Objectives

1.7 Years Considered

2 Global Growth Trends

2.1 Financial Sponsor or Syndicated Loans Market Size

2.2 Financial Sponsor or Syndicated Loans Growth Trends by Regions

2.3 Industry Trends

3 Market Share by Key Players

3.1 Financial Sponsor or Syndicated Loans Market Size by Manufacturers

3.2 Financial Sponsor or Syndicated Loans Key Players Head office and Area Served

3.3 Key Players Financial Sponsor or Syndicated Loans Product/Solution/Service

3.4 Date of Enter into Financial Sponsor or Syndicated Loans Market

3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product

4.1 Global Financial Sponsor or Syndicated Loans Sales by Product

4.2 Global Financial Sponsor or Syndicated Loans Revenue by Product

4.3 Financial Sponsor or Syndicated Loans Price by Product

5 Breakdown Data by End User

5.1 Overview

5.2 Global Financial Sponsor or Syndicated Loans Breakdown Data by End User

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In the end, Financial Sponsor or Syndicated Loans industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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How is Technology Enhancing Lending Efficiency?

Now that the economic landscape is entering a new realm of future development and competition continues to grow with financial technology firms …

By Banking CIO Outlook | Thursday, September 12, 2019

Digitalizing lending information and workflow bolster efficiency and lower bottlenecks, driving bankers towards quality and transparency.

FERMONT, CA: The transformation of bank operations and core platforms has been palpable over the past decade, providing the foundation for the banking and financial services industry. The economic downturn that sparked newly enforced regulations caused banks to shift their focus from making strategic investments to compliance adherence and reporting tactical investments. Now that the economic landscape is entering a new realm of future development and competition continues to grow with financial technology firms coming to the forefront, banks of all sizes hone their value proposition, supplied to their customers. Leading banks embrace the revolution in digital lending, bringing down “time to yes” to five minutes, and cash time to less than 24 hours. Credit is at the core of most customer relationships and digitizing it offers both banks and customers significant advantages.

Digitization becomes the norm for processes of retail lending. Applications for a personal loan can now be submitted on mobile phone with a few swipes, and time to cash can be as short as a couple of minutes. Overall, giant leaps are changing the finance market. New players are entering the market with aggregators and comparison portals, thus turning loans into products with increased transparency. Also, new regulatory guidelines enhance competition among banks and enable specialized service providers to push into the banks’ value chain. Here are a few principles that banks use to create potential outcomes with digital lending and transform their organizations.

Rearchitecting Lending Proceedings

The need for a revolution in the lending process requires full digitalization and comprehensive automation. Digital channels meet the demand for convenience and ongoing availability of customers. At the same time, they offer new growth opportunities to banks. Digital channels meet the need for clients’ comfort and continuous accessibility. They provide banks with fresh possibilities for development as well. Digital paperless processes enable effective processing. Automated processing is possible with standardized process steps or process chains. The entire lending business also remains highly regulated, however, and is subject to various regulatory and legal requirements. Interestingly, the new revolutionary technical possibilities also provide the impetus for expanding or adjusting this legal framework.

Consumer Centric-Approach

The rise of digitalization has given way to online lending software. These platforms are constructed with a consumer-centric approach. Consumers can register and begin applying for loans on the platform. Debtors can easily submit records, verify their own credit scores, and also monitor the status of loans with a loan management scheme. In essence, the digital lending platform automates the process and ensures borrowers’ adherence. The digital lending platform monitors and encourages borrowers to submit required documents and track credit processing times quickly.

Analytics in Digitalizing Data

One of the limitations in the lending system is that between lenders and underwriters or analysts, calculations and analysis can vary. This can result in unreliable estimates, credit, and reporting choices. A digital lending solution, particularly the one integrated into a digital banking platform, can more rapidly evaluate, decide, and price each loan. At the same time, once the digital lending data is generated, the banks and credit unions can better utilize those data insights which help them better understand portfolio risk and create strategic choices.

Customer Experience

The leaders of the finance industry are prompt to understand the demands of their customers. Consumers are looking to work with ease and comfort. The best financial institutions are keen to leverage digital solutions to improve their customer experience and provide them with the best solutions.

Ultimately, digitalizing lending increases the experience of the client or member in various respects by accelerating the process and growing transparency. It also makes the financial institution more productive, which can translate into better earnings or more resources for service improvement or charges and tariffs. Lastly, digital lending provides financial institutions the capacity to continue to develop their portfolios without adding or rising personnel levels.

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Max Levchin’s Affirm seeks capital amid surge in fintech funding

To date, Affirm has raised $1.03 billion in funding from Ribbit Capital, Founders Fund, Andreessen Horowitz, Khosla Ventures, Lightspeed Venture …

Another consumer finance business is lining up investors for its largest cash infusion yet.

Affirm, founded by PayPal’s Max Levchin, is said to be raising as much as $1.5 billion in a combination of debt and equity, according to people with knowledge of the company’s fundraising activities. Josh Kushner’s New York venture capital firm Thrive Capital is said to be leading the financing, with participation from the San Francisco outfit Spark Capital.

Affirm declined to comment. Representatives of Thrive and Spark, existing Affirm investors, have not responded to a request for comment.

Sources familiar with Affirm, which gives consumers an alternative to personal loans and credit by financing online purchases at point-of-sale, presume the round will be made up largely of a line of credit from a large financial institution, known as a warehouse facility.

Affirm recently raised a $300 million Thrive-led Series F round in April at a valuation of $3 billion. Fintech companies focused on payments and lending, however, require a vast amount of capital to sustain operations. Those capital requirements coupled with the frothiness of the venture capital market justify this additional cash infusion.

To date, Affirm has raised $1.03 billion in funding from Ribbit Capital, Founders Fund, Andreessen Horowitz, Khosla Ventures, Lightspeed Venture Partners and more, according to PitchBook. Fellow fintech ‘unicorns’ Brex, Stripe, SoFi and Kabbage, for context, have collectively raised roughly $5 billion in debt and equity to date.

Affirm offers installment plans to online shoppers, a method of delayed payment historically reserved for large purchase like vehicles or luxury electronics. Using Affirm, consumers can create personalized installment plans for purchases as small as a pair of sneakers sold by StockX or as large as a diamond engagement ring from Diamond Nexus, for example.

Affirm, serving as an alternative to a credit card charge, requires no paperwork, minimum credit score or income. The company, however, makes money the same way as a credit card provider, with interest rates for Affirm’s loans falling between 10% and 30%.

Affirm’s fundraising efforts come as more and more companies are devoting ample resources to consumer and B2B lending. Affirm, doubling down on the opportunity in B2B, spun out a new financial services business focused entirely on business lending earlier this year. The company, Resolve, provides a “buy now, pay later” option tailored to B2B sales flow.

“Traditional B2B financing is slow, inaccurate and limits a business’s potential for growth because of an over reliance on email, call centers, faxes and manual invoicing processes,” Resolve wrote in an April press release. “Today, many companies offer a standard net 30-day payment plan only to their best and longest tenured customers, leaving others in need of financing to rely on credit cards or installment loans.”

Meanwhile, companies like Stripe and Square are making a concerted effort to explore other financial frontiers, with the former launching a lending tool as well as a corporate credit card this month. Square, for its part, recently introduced a new debit card, called the Square Card, allowing businesses to withdraw and spend money they’ve collected through Square payments.

Venture investment in fintech companies headquartered in the U.S. is poised to reach new highs this year. In the first eight months of 2019, $10.5 billion was funneled into the sector, following a record high of $11.6 billion in 2018. Globally, fintech investment is increasing, too, with nearly $20 billion deployed this year, per PitchBook.

Competition in the fintech space has accelerated growth and innovation, as consumer-friendly, frictionless tools permeate the conservative and highly-regulated finance industry.

Following a year of fintech mega-rounds, we expect to seem a series of fintech initial public offerings as soon as next year. Affirm, Robinhood, Stripe, SoFi, Coinbase, we’re looking at you.

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